Tag: UPS

UPS and Fedex set to pounce on DHL court filing in USA

Posted by | May 29, 2003 | |

DHL Airways will clarify its ownership and operational structure in a filing today with the Department of Transportation. Opponents FedEx and United Parcel Service expect to use the filing to bolster their case that the air carrier is controlled by German distribution group, Deutsche Post.

The documents were ordered by Ronnie Yoder, the DoT’s chief administrative law judge, in a preliminary hearing on Tuesday. Judge Yoder is proceeding with a public hearing on August 19 to determine if DHL Airways, based in Miami, violates US laws limiting foreign ownership and control of US carriers.

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Newly merged DHL aims to be number one in Mexico

Posted by | May 28, 2003 | |

With the global merger of the DHL and Danzas package delivery companies, the goal of the company in Mexico is take the lead in the market, ahead of UPS and Federal Express, says Mr. Mario Sotres, head of DHL Mexico. The company is hoping to grow by 37% in Latin America and Mexico. Sotres denies any plans to acquire any Mexican companies in the short term, as the focus will be on the newly merged companies. The new company will have a new logo, based on that of DHL, but with a change of color.

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UPS to test hydrogen vehicles in U.S.

Posted by | May 19, 2003 | |

United Parcel Service will begin testing package delivery vehicles powered by hydrogen fuel cells late this year, the carrier announced Monday. The zero-emission vehicles, built by DaimlerChrysler, will be the first use of fuel cell technology in a commercial delivery fleet in North America, according to UPS.

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UPS Board Sets Dividend

Posted by | May 12, 2003 | |

The Board of Directors of UPS, at its regularly scheduled meeting, today declared a quarterly cash dividend of 21-cents per share on all outstanding Class A and Class B shares. The dividend is payable on June 3, 2003, to shareowners of record on May 19, 2003.

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Deutsche Post CEO Faces U.S. Challenge Amid Expansion

Posted by | May 6, 2003 | |

Deutsche Post AG Chief Executive Officer Klaus Zumwinkel’s plan to boost earnings by expanding the German postal service in the $65 billion U.S. delivery market may be dealt a blow by United Parcel Service Inc. and FedEx Corp. Zumwinkel, 59, in March offered USD1.05 billion to buy Airborne Inc. to establish a ground network in the U.S. and diversify revenue streams as earnings growth at home slows. The purchase by Deutsche Post, in which the German government has a 70% stake, needs U.S. regulatory approval and comes amid a Department of Transportation inquiry into complaints from rivals United Parcel and FedEx about German control of DHL Airways Inc. `The situation in the U.S is a problem for Deutsche Post,’ said Reinhard Niebuhr, who helps manage the equivalent of about USD5.6 billion at AMB Generali in Cologne, Germany. “The large competitors there are trying to push Deutsche Post out.”

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